Financial Update Administrators & Bursars 5 November 2009 Caroline Armstrong Senior Finance Manager

Dedicated Schools Grant (DSG) The campaign has launched its petition on the 10 Downing Street site. Please sign up: petitions.number10.gov.uk/handsup4schools petitions.number10.gov.uk/handsup4schools

DSG Review Comprehensive review of DCSF grant to fund schools National consultation expected next spring Any changes impact from 2011/12

Local Funding Changes 1 April 2010 –LSC transfer of funding responsibility to LA for post 16 –introduction of single funding formula for Early Years 2011 possible changes to main formula – consultation next year

2010/11 Budgets (1) Still very much work in progress Significant cost pressures on DSG –Continuing increase cost of SEN statements –Potential cost of redundancy (even allowing for more redeployment) –Potential demand on contingency – including Early Years changes Small saving – non school NJC pay costs

2010/11 Budgets (2) Likely changes –Energy price assumptions (lower by %) –NJC pay inflation (lower, 1% not 2.5%) –Some services to schools prices may be held –Allocation of Harnessing Technology Grant (no longer equated to broadband cost)

Changes in Tools & Processes SIB becomes FIPS with a new format being tested… 3 year plan template improved – ability to import staff details from SIMS, revised printing options (in testing now)

What about efficiency agenda Still with us. Central budgets expected to find 4% efficiency savings Audit Commission reports July 2009 – Valuable Lessons (Improving economy & efficiency in schools) Consider financial implications of plans Review surplus/deficit Ensure vfm goods & services Use workforce to best effect Collaborate Use data & info to support decisions